« On February 14, 2023, the Korean National Assembly passed out a proposed
legislation to enact “Act on Promotion of AI Industry and Framework for Establishing
Trustworthy AI” (the “AI Act”). Now, the AI Act is only a few steps away from the
National Assembly’s final votes. If passed into law, the AI Act would be the first law
to become a statutory foundation that comprehensively governs and regulates AI
industry in Korea. Major highlights of the bill are expected as follows.
The AI Act makes it clear that, as a general principle, AI regulations must allow anyone
to develop new AI technology without having to obtain any government pre-approval.
The AI Act sets forth certain types of AI that are used in direct connection with human
life and safety as “high-risk AI” and requires that such high-risk AI achieve a certain
level of trustworthiness.
The AI Act provides support for innovative businesses in the AI industry.
The AI Act provides a statutory basis for establishing “ethical guidelines for AI.”
The AI Act sets forth a statutory basis for establishing (i) a “Basic Plan for AI,”
which will likely serve as a policy roadmap for developing AI technology in Korea and
(ii) an ”AI Committee” supervised by the Prime Minister. » No/limited information on this topic
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